The High Points From Hanesbrands Inc.'s Q2 2017 Report
Hanesbrands Inc. (NYSE: HBI), the maker of underwear and other clothing essentials, turned in a solid report card for the second quarter last week and said it remains on track to deliver on 2017 guidance. Here are the takeaways from the most recent report.
Hanesbrands sales in the second quarter increased 11.8% year over year to $1.65 billion, hitting management's guidance in the first quarter dead on. That puts sales for the first six months of 2017 at $3.03 billion, or 12.4% higher than last year.
Earnings per share were up to $0.47 in the quarter, compared with $0.32 the same period in 2016. Year-to-date earnings are up 20%. These numbers were primarily driven by a number of acquisitions made last year, including the independent trademark owner of the Champion brand in Europe and the parent company of Australia's largest underwear maker, Pacific Brands Limited.
Source: Fool.com
